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What are the requirements for business investment in Greece as a path to residency?

I am considering obtaining residency in Greece but I believe the real estate pathway is the most common investment option. I already have a successful food & beverage business in my home country and am interested in branching out to Greece to use it as an investment. Does it work that way, or do I have to invest in an existing Greek business? What are the details I need to look out for if I choose the business investment option?

  • Synergia Technical and Consulting SA
    September 17, 2022

    Greek Golden Visa Program offers 3 routes to foreign investors. General investments are catered for entrepreneurial investors who would like to set up/expand their businesses in Greece. There are no restrictions regarding the sector of activity or the location of the investment project. The requirement that must be met by the investment is to have a positive impact on national development and the economy and for each investor’s participation to be min. 250.000 euros. Investment activity may be implemented through the construction of new facilities (greenfield investments) or business acquisitions, restructuring or expansion of current activities (brownfield investments). Factors taken into account for assessing the impact on national development and the economy are job creation, promotion of domestic resources and vertical integration of domestic production, export orientation, innovation and adoption of new technology. A detailed business plan with a minimum budget of €250K per each investor is required to be submitted to the Ministry of Economy and Development, which then judges the application based on its positive impacts on national development and Greek economy.

  • Foutsis & Partners Law Firm
    September 16, 2022

    If you get a visa type D and open a branch office of your foreign company in Greece, you may start business here. This will give you the right to apply for residence as executive director of the company.